Property Description

The subject property is 55.8 acres. The sale is subject to tenants rights and crop rights. The parcel contains 3 interstate billboard display signs. The land owner has negotiated a long term lease for the display signs expiring December 2028. Annual rental income from display signs is $8,554. There is a annual rent escalator of 3% in the lease agreement. Lessor may terminate the sign lease upon 60 day written notice. The land is cash rented for $14,229 per year. The ground lease may be terminated if the lessor gives the lessee sixty days notice prior to the expiration of the annual lease term ending on December 31, of each year. This property was annexed into the City of Troy on 9/29/2016.

Features
: All internet
: Tillable, Crop right
Address Map
US
OH - Ohio
Miami
Troy
Troy
45373
LYTLE
0
0
E0° 0' 0''
N0° 0' 0''
none
MLS Addon
David Messler
MESSLDAV108
7140
Turn-Key Management, Realtors
55.8 acres
C06058450
5509 Troy CSD
$804
2014
concord

Land

0 LYTLE, Troy, OH - Ohio 45373

55.80 Sqft
$1,060,200
Listing ID #373821
Basic Details
Property Type : Land
Listing Type :
Listing ID : 373821
Price : $1,060,200
Lot Area : 55.80 Sqft
Property Sub Type : Commercial
Status : Active
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